DENEIRE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
DENEIRE
NACE 49.410, Freight transport by road
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€748,065
2023 · €269,411+€478,654
Equity
€3.7m
2023 · €3.3m+€471,792
Cash
€1.7m
2023 · €1.1m+€566,196
Balance sheet total
€6.6m
2023 · €5.4m+€1.2m
Largest movements
Assets
- Cash +€566,196
up €566,196 (+51.0%), from €1.1m to €1.7m
mainly Depreciation (+€838,819) and Net result for the year (+€748,065)
- Tangible fixed assets +€437,290
up €437,290 (+14.0%), from €3.1m to €3.6m
of which Leasing and similar rights: +€220,544
- Receivables within one year +€187,499
up €187,499 (+18.7%), from €1.0m to €1.2m
of which Trade receivables: +€143,145
Equity and liabilities
- Reserves +€474,192
up €474,192 (+14.8%), from €3.2m to €3.7m
of which Tax-exempt reserves: +€243,715
- Trade debts +€406,239
up €406,239 (+109.6%), from €370,802 to €777,041
- Short-term financial debts +€175,000
up €175,000, from €0 to €175,000
- Current portion of long-term debt +€94,315
up €94,315 (+25.5%), from €369,211 to €463,525
- Tax, wage and social debts -€86,486
down €86,486 (-58.3%), from €148,329 to €61,843
of which Remuneration and social security: -€71,029
Income statement
- Gross operating margin +€475,317
up €475,317 (+18.8%), from €2.5m to €3.0m
- Staff costs -€206,662
down €206,662 (-18.9%), from €1.1m to €887,141
- Taxes +€164,692
up €164,692 (+111.6%), from €147,563 to €312,255
- Provisions -€103,421
down €103,421 (-97.0%), from €106,644 to €3,223
- Financial charges +€89,858
up €89,858 (+176.4%), from €50,940 to €140,798
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2023
€269,411
Gross operating margin
+€475,317
Staff costs
+€206,662
Depreciation
-€34,715
Provisions
+€103,421
Other operating charges
-€12,947
Financial income
-€7,160
Financial charges
-€89,858
Taxes
-€164,692
Deferred taxes and other
+€2,626
Result 2024
€748,065
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.8m
Investment
-€1.3m
Financing
+€77,061
Cash 2023
€1.1m
From operations (derived)
+€1.8m
Net result for the year
+€748,065
Depreciation
+€838,819
Smaller working-capital items
+€185
Receivables within one year
-€187,499
Deferred charges and accrued income
+€7,648
Trade debts
+€406,239
Tax, wage and social debts
-€86,486
Other debts
+€47,311
Accrued charges and deferred income
-€8,438
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€77,061
Debts after one year
+€84,018
Current portion of long-term debt
+€94,315
Short-term financial debts
+€175,000
Contributions, distributions and other
-€276,272
Cash 2024
€1.7m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,369,246 | €6,553,260 | +€1.2m | +22.1% |
| Fixed assets | 21/28 | €3,139,376 | €3,577,266 | +€437,890 | +13.9% |
| Tangible fixed assets | 22/27 | €3,133,656 | €3,570,946 | +€437,290 | +14.0% |
| Land and buildings | 22 | €1,274,963 | €1,450,592 | +€175,629 | +13.8% |
| Plant, machinery and equipment | 23 | €429,719 | €525,182 | +€95,463 | +22.2% |
| Furniture and vehicles | 24 | €746,704 | €701,297 | -€45,407 | -6.1% |
| Leasing and similar rights | 25 | €605,293 | €825,837 | +€220,544 | +36.4% |
| Other tangible fixed assets | 26 | €76,977 | €68,038 | -€8,939 | -11.6% |
| Financial fixed assets | 28 | €5,720 | €6,320 | +€600 | +10.5% |
| Current assets | 29/58 | €2,229,871 | €2,975,994 | +€746,124 | +33.5% |
| Stocks and contracts in progress | 3 | €51,684 | €51,760 | +€76 | +0.1% |
| Stocks | 30/36 | €51,684 | €51,760 | +€76 | +0.1% |
| Amounts receivable within one year | 40/41 | €1,000,902 | €1,188,401 | +€187,499 | +18.7% |
| Trade receivables | 40 | €936,572 | €1,079,717 | +€143,145 | +15.3% |
| Other amounts receivable | 41 | €64,330 | €108,684 | +€44,354 | +68.9% |
| Cash at bank and in hand | 54/58 | €1,109,736 | €1,675,932 | +€566,196 | +51.0% |
| Deferred charges and accrued income | 490/1 | €67,549 | €59,901 | -€7,648 | -11.3% |
| Total equity and liabilities | 10/49 | €5,369,246 | €6,553,260 | +€1.2m | +22.1% |
| Equity | 10/15 | €3,272,901 | €3,744,693 | +€471,792 | +14.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,201,301 | €3,675,493 | +€474,192 | +14.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €246,521 | €490,236 | +€243,715 | +98.9% |
| Distributable reserves | 133 | €2,948,580 | €3,179,057 | +€230,477 | +7.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €9,600 | €7,200 | -€2,400 | -25.0% |
| Provisions and deferred taxes | 16 | €135,181 | €135,443 | +€262 | +0.2% |
| Provisions for liabilities and charges | 160/5 | €106,644 | €109,867 | +€3,223 | +3.0% |
| Other liabilities and charges | 164/5 | €106,644 | €109,867 | +€3,223 | +3.0% |
| Deferred taxes | 168 | €28,537 | €25,576 | -€2,962 | -10.4% |
| Amounts payable | 17/49 | €1,961,164 | €2,673,124 | +€711,960 | +36.3% |
| Amounts payable after more than one year | 17 | €1,030,357 | €1,114,376 | +€84,018 | +8.2% |
| Financial debts | 170/4 | €1,030,357 | €1,114,376 | +€84,018 | +8.2% |
| Amounts payable within one year | 42/48 | €920,999 | €1,557,378 | +€636,379 | +69.1% |
| Current portion of amounts payable after more than one year | 42 | €369,211 | €463,525 | +€94,315 | +25.5% |
| Financial debts | 43 | €0 | €175,000 | +€175,000 | |
| Credit institutions | 430/8 | €0 | €175,000 | +€175,000 | |
| Trade debts | 44 | €370,802 | €777,041 | +€406,239 | +109.6% |
| Suppliers | 440/4 | €370,802 | €777,041 | +€406,239 | +109.6% |
| Taxes, remuneration and social security | 45 | €148,329 | €61,843 | -€86,486 | -58.3% |
| Taxes | 450/3 | €15,653 | €195 | -€15,457 | -98.8% |
| Remuneration and social security | 454/9 | €132,677 | €61,648 | -€71,029 | -53.5% |
| Other amounts payable | 47/48 | €32,657 | €79,968 | +€47,311 | +144.9% |
| Accrued charges and deferred income | 492/3 | €9,808 | €1,370 | -€8,438 | -86.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,093,803 | €887,141 | -€206,662 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €804,105 | €838,819 | +€34,715 | +4.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €106,644 | €3,223 | -€103,421 | -97.0% |
| Other operating charges | 640/8 | €77,386 | €90,333 | +€12,947 | +16.7% |
| Gross operating margin | 9900 | €2,529,439 | €3,004,756 | +€475,317 | +18.8% |
| Operating profit (loss) | 9901 | €447,502 | €1,185,240 | +€737,738 | +164.9% |
| Financial income | 75/76B | €20,077 | €12,917 | -€7,160 | -35.7% |
| Recurring financial income | 75 | €20,077 | €12,917 | -€7,160 | -35.7% |
| Financial charges | 65/66B | €50,940 | €140,798 | +€89,858 | +176.4% |
| Recurring financial charges | 65 | €50,940 | €140,798 | +€89,858 | +176.4% |
| Profit (loss) for the period before taxes | 9903 | €416,638 | €1,057,358 | +€640,720 | +153.8% |
| Transfer from deferred taxes | 780 | €3,786 | €5,462 | +€1,676 | +44.3% |
| Transfer to deferred taxes | 680 | €3,450 | €2,500 | -€950 | -27.5% |
| Income taxes | 67/77 | €147,563 | €312,255 | +€164,692 | +111.6% |
| Profit (loss) for the period | 9904 | €269,411 | €748,065 | +€478,654 | +177.7% |
| Transfer from tax-exempt reserves | 789 | €11,357 | €16,385 | +€5,027 | +44.3% |
| Transfer to tax-exempt reserves | 689 | €115,600 | €260,100 | +€144,500 | +125.0% |
| Profit (loss) for the period to be appropriated | 9905 | €165,168 | €504,350 | +€339,181 | +205.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.